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Nov 21, 2012
11/12
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let's look around the country starting in boston. you see the roads. a lot of cars heading out of town. 43.6 million people traveling this thanksgiving weekend. that is a slight increase from last year. more people driving 50 miles since 2007. the national average for gasoline at $3.41. look at this image here. it is a little hard to tell but behind all of those plains that's the united states. and right now 5,000 flights are in the air according to the flights. the airlines are counting on a quiet thanksgiving to fuel fourth quarter profits. average domestic air fare at $180. fewest number of people flying however since 2009. when you have fewer seats which is what we have because capacity has been stripped out you have higher air fare rrs. you have seen air fares are up 16%. a as a lot of people talk about being thankful on thanksgiving. let's look at one airline stock you wanted to own. u.s. airways up 192%. not entirely because of the business but more because of the speculation. >> thanks so much. >> the latest on your travel for the weekend. >>>
let's look around the country starting in boston. you see the roads. a lot of cars heading out of town. 43.6 million people traveling this thanksgiving weekend. that is a slight increase from last year. more people driving 50 miles since 2007. the national average for gasoline at $3.41. look at this image here. it is a little hard to tell but behind all of those plains that's the united states. and right now 5,000 flights are in the air according to the flights. the airlines are counting on a...
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Nov 6, 2012
11/12
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he's headed to boston from here. also we're going to talk to don peebles, a top democratic fund-raiser and obama supporter and larry lindsey will join us to run through the election contingencies through the markets and the economy. 270 electoral votes are needed to win. nbc news shows president obama with 243 votes and romney 206, 89 votes in the tossup column. we'll be watching closely all night. quick look at the markets ahead of all of this, the u.s. equity futures are slightly higher, they lost some of their gains. the dow futures up by about 25 points, s&p futures and the nasdaq futures are indicated slightly higher. overseas in asia we did see in tokyo the nikkei closing down slightly and korea the kospi up by close to 2% and in europe modest gains throughout most of the morning, that's continuing right now. >> today's presidential election could come down to one key swing state but will a close vote in ohio mean court battles like the ones we saw in florida in the 2000 election? cnbc's scott cohn joins us fro
he's headed to boston from here. also we're going to talk to don peebles, a top democratic fund-raiser and obama supporter and larry lindsey will join us to run through the election contingencies through the markets and the economy. 270 electoral votes are needed to win. nbc news shows president obama with 243 votes and romney 206, 89 votes in the tossup column. we'll be watching closely all night. quick look at the markets ahead of all of this, the u.s. equity futures are slightly higher, they...
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Nov 8, 2012
11/12
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boston clear as well. there's one heavy band of snow across massachusetts through hartford, across the long island sound and the l.i.e. has been socked all morning, commuting that way is not going to be any fun at all. talk about the snow that actually fell, though, and this snowfall total map is just ridiculous. we had a little bit over a foot east of toms river. newark, new jersey, came in with about six inches of snow, that's the earle eearlest they've ever snow. as for the winds, that's still blowing all that snow around, 20 to 30-mile-per-hour gusts out there right now. these are the peek gusts that we saw throughout the storm, close to 50 miles per hour for boston. so a nasty storm indeed. joe, back to you. >> yes, i did get a little bit of consolation that night that didn't come down last time probably -- you don't get wea n weakened, if you survived the last one. >> hundreds of thousands of people without power "god hates us" and "this sucks." >> trees were likely to come down and some of the leave
boston clear as well. there's one heavy band of snow across massachusetts through hartford, across the long island sound and the l.i.e. has been socked all morning, commuting that way is not going to be any fun at all. talk about the snow that actually fell, though, and this snowfall total map is just ridiculous. we had a little bit over a foot east of toms river. newark, new jersey, came in with about six inches of snow, that's the earle eearlest they've ever snow. as for the winds, that's...
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Nov 1, 2012
11/12
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art hogan joins us from boston. good morning to you. >> good morning. >> is this what you expected? china pmi decent. not sure if people expected 1% out of that. >> it's interesting. we've seen an improvement over the last month or so in the economic ad calendar across the board. while that's happening, we're seeing real sloppy earnings season. the contradictions here are loud and clear. what i think we're seeing, the fact we went from june to september. since then, we're getting back about 4% on the s&p, about 6.2% on the nasdaq. we've had a bit of a correction into this earnings season and didn't expect better than expected numbers out of china for sure, but the consistency out of the improvement was catching everybody by surprise and probably portends something for tomorrow's job numbers. >> given the fact that not every trading desk is fully staffed, who know what is d order flow is like given what's normal. that niese numbers at the dow, even the s&p's may not be accurate, relative to sentiment? >> it's interesting that you point that out. when you try to figure out if moves ge
art hogan joins us from boston. good morning to you. >> good morning. >> is this what you expected? china pmi decent. not sure if people expected 1% out of that. >> it's interesting. we've seen an improvement over the last month or so in the economic ad calendar across the board. while that's happening, we're seeing real sloppy earnings season. the contradictions here are loud and clear. what i think we're seeing, the fact we went from june to september. since then, we're...
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Nov 28, 2012
11/12
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boston said it was slower. then have you new york and philadelphia attributing weakness to hurricane sandy. >>> districts reported concern and uncertainty over the fiscal cliff. that's another theme that runs through this report along with sandy. consumer spending grew modestly. manufacturing however weakened or in some cases even contracted so that dual track economy of the economy doing okay but the manufacturing sector not is a theme in this report. slice gains in residential and commercial real estate. tight inventories out there for housing. demand was higher for mortgages and auto loans and credit quality overall appeared to improve. small business loan was weaker to only moderately higher. that sector continues to be troubled. there were moderate gains in hiring with employment up in half of the 12 districts. wage and price pressure was subdude. let me get specific about the effects of hurricane sandy from the beige book. they found freight shipments were disrupted as far away as cleveland with a cloud h
boston said it was slower. then have you new york and philadelphia attributing weakness to hurricane sandy. >>> districts reported concern and uncertainty over the fiscal cliff. that's another theme that runs through this report along with sandy. consumer spending grew modestly. manufacturing however weakened or in some cases even contracted so that dual track economy of the economy doing okay but the manufacturing sector not is a theme in this report. slice gains in residential and...
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Nov 2, 2012
11/12
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products that are coming in are going out to other areas like long island up to connecticut and over to boston. that's what bob bashard, the executive vice president said, the few barges that are coming in today, that's where that gasoline is headed. but the big problem continues to be power. back to you guys. >> major power companies struggle to try to get back online, to get these terminals able to deliver gasoline to the exact lines. that's the critical issue, as you say. getting these tankers into the port is one thing, but getting the gasoline or getting the oil there, getting it refined, and then getting it to the stations remains the biggest challenge. >> reporter: i did also talk to one regional group in terms that deals with a lot of gas stations here. they have been working to bring up generators. some of the terminals are trying to work on generators but it's not going to give them as much power as they would normally have to have normal operations and bringing up fuel tankers in terms of truckloads of gasoline is helping, but that's certainly not what we normally get in terms of vo
products that are coming in are going out to other areas like long island up to connecticut and over to boston. that's what bob bashard, the executive vice president said, the few barges that are coming in today, that's where that gasoline is headed. but the big problem continues to be power. back to you guys. >> major power companies struggle to try to get back online, to get these terminals able to deliver gasoline to the exact lines. that's the critical issue, as you say. getting these...
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Nov 23, 2012
11/12
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bill is a friend columnist at "forbes," a boston-based venture capitalist. i like to read just about everybody you write, bill. welcome. viewers, be careful. he's a self-proclaimed libertarian. tell me and tell sully a bit about your article that we all found so interesting about why you should never discuss politics at thanksgiving tables. >> thank you, rick and happy thanksgiving. it's a minefield with family and friends if you're a bit of an outlier. i live in boston and am -- one of the things they're not used to is someone who disagrees with their opinions. they're so used to arguing with strawmen that when they get up against somebody who has thought through issues is a bit of a stock. really warm people, great hosts, i was surronalded by college professors for the evening. the evening did start out slowly, and i did try to hold my tongue. they were congratulating themselves for being so smart. it ended up becoming quite lively by the end of 9 night. >> it always gets lively around my holiday dinner table as well, but at the epicenter of this was a deb
bill is a friend columnist at "forbes," a boston-based venture capitalist. i like to read just about everybody you write, bill. welcome. viewers, be careful. he's a self-proclaimed libertarian. tell me and tell sully a bit about your article that we all found so interesting about why you should never discuss politics at thanksgiving tables. >> thank you, rick and happy thanksgiving. it's a minefield with family and friends if you're a bit of an outlier. i live in boston and am...
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Nov 5, 2012
11/12
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rain in the valleys, rain in boston as well, even toward thursday night. our grip on the east coast, especially the hard-hit areas from sandy, will be over by thursday night. now, here are two models that we look at. this is the american model. i'm also going to show you the european model and what they do with snow. i think once we get into this 3 to 6-inch range, we could actually see additional power outages because this will be a heavy, wet snow. this is the european model, which has a much higher resolution. and may actually be portelling to something more significant. 6 to 12 inches in the poconos up to catskills. i think we'll see additional power outages. not only will we curtail current restoration and power but we may add new outages especially if we get 6 to 12 inches of snow in some areas of pennsylvania and new york. >> unbelievable. >> can you believe it? >> oh, my god. we'll hunker down and get ready. thank you so much. we'll be watching the weather channel and certainly come back to you on cnbc. jim cantore. >>> gas lines up to three hours
rain in the valleys, rain in boston as well, even toward thursday night. our grip on the east coast, especially the hard-hit areas from sandy, will be over by thursday night. now, here are two models that we look at. this is the american model. i'm also going to show you the european model and what they do with snow. i think once we get into this 3 to 6-inch range, we could actually see additional power outages because this will be a heavy, wet snow. this is the european model, which has a much...
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Nov 1, 2012
11/12
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i thought you were a member of the board of directors when i was up visiting my daughter in boston. i said man, you got a rockets p rocketship. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. coming up, holiday rush. getting ready for the busiest shopping season of the year. don't miss this explosive with the ceo of shopping center. >> i want to give you a black nooikt combat boo-yah. >> high flying united states air force blue-ya. >> thank you for serving. love the military. everybody call from it. we got to have them on this show. boo-yah back at you. >> this veteran's ta, "mad money" salutes those who defend our country's freedoms by helping to defend their financial futures. if you or someone in your family is proudly serving or has served in america's armed forces, we invite you to join our live studio audience for "mad money". for tickets go mad money.cnbc.com. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a c
i thought you were a member of the board of directors when i was up visiting my daughter in boston. i said man, you got a rockets p rocketship. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. coming up, holiday rush. getting ready for the busiest shopping season of the year. don't miss this explosive with the ceo of shopping center. >> i want to give you a black nooikt combat boo-yah. >> high...
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Nov 6, 2012
11/12
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through new york city and up to boston. the worst being around the new jersey shoreline and especially long island out to cape cod. then tomorrow night you can the situation changes and here's where it gets really dice i is it was supposed to snow inland over the mountains. it now looks like a more compact area around the suburbs. western connecticut, other areas under the gun here. wouldn't you know it the areas just getting back on their feet in terms of power outables now. that is a brand new cop sent to the storm coming up later tomorrow, tomorrow night. check out the major impacts from the storm then. yes, could be gusty winds, cape cod, long eye law and, yes excoastal flooding late in the afternoon tomorrow but that mix with heavy wet snow around 7:00 tomorrow evening that is the big wildcard. we will be watching that throughout. >> we do not need t thank you very much, todd gross. >>> no matter who whips today, the most immediate threat to your money is the fiscal cliff. that's right. severe spending cuts and big tax
through new york city and up to boston. the worst being around the new jersey shoreline and especially long island out to cape cod. then tomorrow night you can the situation changes and here's where it gets really dice i is it was supposed to snow inland over the mountains. it now looks like a more compact area around the suburbs. western connecticut, other areas under the gun here. wouldn't you know it the areas just getting back on their feet in terms of power outables now. that is a brand...
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Nov 13, 2012
11/12
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and then boston, seattle, mostly minor. los angeles, no issues to speak of. a little marine layer, but you should be just fine. let's pitch it back to you you. >> did you actually just run out to the set? did we catch you? >> a little bit kind of sort of, but not really. i was really intrigued by last block. we heard a little bit of corduroy the bear and the societal collapse. >> sorry. >> are you kidding me? i was terrified last block the stuff we were hearing. >> zombies. >> search government preparation for zombie attack. where are you based, are you -- you're not in georgia, are you you? >> we're in atlanta. >> oh, good. that's where the walking dead takes place. >> you're exactly right. so we have got zombie patrol out right now and still looking for one of the zombies as the corduroy bear. love it. >> reynolds, go for the brain. p through the eyes. >> will do it. >> i like it, he plays with us. in sports news, monday night football, steelers winning their fourth straight by escaping with a 16-13 overtime win over kansas city. roethlisberger is like a gi
and then boston, seattle, mostly minor. los angeles, no issues to speak of. a little marine layer, but you should be just fine. let's pitch it back to you you. >> did you actually just run out to the set? did we catch you? >> a little bit kind of sort of, but not really. i was really intrigued by last block. we heard a little bit of corduroy the bear and the societal collapse. >> sorry. >> are you kidding me? i was terrified last block the stuff we were hearing. >>...
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Nov 15, 2012
11/12
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i had it once, i had a gig to play in boston after anchoring "squawk box" in the morning. i ended up there at 10:00 going on stage and my fingers were shaking. i could barely play because my fingers -- i never understood, if one cup of coffee is enough and it gets you going, how can you take such a concentrated amount of it? >> you remember jolt cola? >> absolutely. >> i never drank it but there was guy miles drank a six-pack of it, and ended up running around the room all the time and never wrote his paper and then stayed under his desk the rest of the time. >> monster drinks there was speculation, coca-cola was considering buying them. >> the latest advertising of five-hour thing, we've interviewed 2,300 doctors, something like that, and it doesn't quite put the physician's stamp of approval on it but it kind of has that image. >> doesn't look like a drink. it looks like medicine in some ways. worth pointing out there is no conclusive evidence on either side of it. >> the company reported it themselves. >> they did report this themselves and there's real questions as to
i had it once, i had a gig to play in boston after anchoring "squawk box" in the morning. i ended up there at 10:00 going on stage and my fingers were shaking. i could barely play because my fingers -- i never understood, if one cup of coffee is enough and it gets you going, how can you take such a concentrated amount of it? >> you remember jolt cola? >> absolutely. >> i never drank it but there was guy miles drank a six-pack of it, and ended up running around the...
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Nov 28, 2012
11/12
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and boston staying in the 30s. tonight, of course, big event in rockefeller center. temperatures will be in the 30s. breezy but clear skies. nearly a full moon outside as well. the big storm we're watching is in the west. three storms, you can see them pin wheeling here out to the pacific. the rain is now approaching into san francisco. northern california and oregon are all going to see very, very heavy rainfall, not just today but all the way through the weekend. flood watches are out. sacramento, stockton up toward reading and stretching all the way up into oregon. we could see up to 20 inches of rainfall here, a big broad area of at least a half a foot. back to you. >> that is a waste. that should be over colorado and it should be -- >> exactly. >> so we had snow yesterday. last year we had snow early, it was like halloween and then we never got anymore. did the snow we had yesterday seem more typical? any idea about whether that portends that we have some snow this year on the east coast? >> last year it was like we used it all up early. we said okay, here we go
and boston staying in the 30s. tonight, of course, big event in rockefeller center. temperatures will be in the 30s. breezy but clear skies. nearly a full moon outside as well. the big storm we're watching is in the west. three storms, you can see them pin wheeling here out to the pacific. the rain is now approaching into san francisco. northern california and oregon are all going to see very, very heavy rainfall, not just today but all the way through the weekend. flood watches are out....
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Nov 14, 2012
11/12
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for the end of the week, still looking at the chill here all across the northeast, boston, new york running just a little bit below average. we'll also be tracking some rain break out across georgia for this afternoon and tonight. >> in sports news, the los angeles lakers dropping an 84-82 decision by san antonio. the lakers are waiting for mike d'antoni to take over. he's recovering from knee surgery, but is expected to join the lakers this week. in other nba news -- does nbc cover the nba? >> no. >> no, not at all. but we could someday. >> abc disney family. >> it's hard for me to get excited about early season action in the nba. got to get to the playoffs. i can't wait for college hoops to start and i like that, but man, nba is tough. >> will you go to a nets game with me? >> no. >> can't bring yourself to go to brooklyn? >> they moved? the new york knicks are the only remaining undefeated team in the league. carmelo anthony's 25 points let the knicks to a 99-89 win at orlando. new york is off to its best start since the '93-'94 season. that season, the knicks went to the nba finals. i t
for the end of the week, still looking at the chill here all across the northeast, boston, new york running just a little bit below average. we'll also be tracking some rain break out across georgia for this afternoon and tonight. >> in sports news, the los angeles lakers dropping an 84-82 decision by san antonio. the lakers are waiting for mike d'antoni to take over. he's recovering from knee surgery, but is expected to join the lakers this week. in other nba news -- does nbc cover the...
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Nov 7, 2012
11/12
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the last stop before going to boston was in pittsburgh. would it have been your choice to make that final run into pennsylvania or would have you rather saved today to fortify an ohio or fortify a florida? >> no. go look at the numbers. on the map, go look at the number of places that romney was in ohio. we've been in ohio for months. we've only focused on pennsylvania in the last two weeks. that's only because it came in play. look, i'm telling you right now, my opinion we win. and it's not going to be close. i think the -- the turnout is enormous. they're talking about a turnout as much as 60% when typically we get 50%. >> that is one -- >> something is going on. something is going on in america tonight. americans aren't happy. americans are worried. americans know that there's tough times ahead and you need strong, vigorous and honest leadership and i think this is what romney has run a fabulous campaign for at least this last six weeks. >> all right. ken, great to have your insight. >> by the way, maria, he's a wonderful human being an
the last stop before going to boston was in pittsburgh. would it have been your choice to make that final run into pennsylvania or would have you rather saved today to fortify an ohio or fortify a florida? >> no. go look at the numbers. on the map, go look at the number of places that romney was in ohio. we've been in ohio for months. we've only focused on pennsylvania in the last two weeks. that's only because it came in play. look, i'm telling you right now, my opinion we win. and it's...
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Nov 29, 2012
11/12
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. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bonds. bond spreads have tightened, but investors still being paid on a reasonable basis. we have structured products like clos. >> do you care if we go over the cliff? >> it's a concern, but i think it's actually not that much of a concern to me, no. >> so it's okay? >> we look at the fundamentals of companies when we i
. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for...
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Nov 7, 2012
11/12
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elsewhere across town in boston, at the boston gardens, there's a romney war room still in operation, making calls to presumably places where the polls have not closed. i'm sure a lot of phone calls are being made to colorado and nevada to get that last-minute vote out there. but so far, anyway, mood is upbeat for very obvious reasons. the early returns, the map all red for romney with the exception of vermont thus far. back to you. >> hampton pearson in boston for us tonight. thank you so much. >> maria, 7:30, got ohio closing, but in about 10 minutes time we have florida closed, we'll have pennsylvania closed, virginia still closed and too early to call. all the big battlegrounds on the eastern seaboard are going to be close. >> very close. >> when the waiting game begins. >> very exciting to watch as we wait for the results in ohio and florida. two states that if mitt romney were to be victorious here, he really needs those states. >> a lot of people agree. if n if florida does not fall to romney it might be an earlier night than we think. >> three states closing at the top of the
elsewhere across town in boston, at the boston gardens, there's a romney war room still in operation, making calls to presumably places where the polls have not closed. i'm sure a lot of phone calls are being made to colorado and nevada to get that last-minute vote out there. but so far, anyway, mood is upbeat for very obvious reasons. the early returns, the map all red for romney with the exception of vermont thus far. back to you. >> hampton pearson in boston for us tonight. thank you...
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Nov 6, 2012
11/12
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and hampton pearson in boston. and we have cool technological tricks. michelle caruso-cabrera is monitoring the exit poll and sharing important issues. plus the balance of power on capitol hill. and social media has played a huge role in this campaign season so it is sure to be a popular place tonight. you can join the conversation and tweet us, follow our coverage on twitter. this is just the beginning of our coverage tonight. >> it will be big. we have a great lineup of guests tonight including iowa governor terry branstad and chairman and national bureau of economic research president marty feldstein. and then we have former chairman and obama fundraiser robert wolf. later former new jersey governor. and then we have jim cramer with his take on tonight's election and ask what the results mean for various sectors and find out how he thinks you should be positioning your portfolio. >> we all understand the national polls would show obama and romney in a virtual dead heat. tonight it will come down to swing states. scott cohn is in columbus. >> no repub
and hampton pearson in boston. and we have cool technological tricks. michelle caruso-cabrera is monitoring the exit poll and sharing important issues. plus the balance of power on capitol hill. and social media has played a huge role in this campaign season so it is sure to be a popular place tonight. you can join the conversation and tweet us, follow our coverage on twitter. this is just the beginning of our coverage tonight. >> it will be big. we have a great lineup of guests tonight...
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Nov 6, 2012
11/12
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mitt and ann romney voted a few moments ago here in boston. a bit of an irony. no expert or citizen expects romney to carry massachusetts, his home state. experts say he'll be lucky if he matches 36% that john mccain got four years ago when he ran against barack obama. it's not just the fact that massachusetts is a state that tilts democratic. frankly voters here have similar complaints to what has been heard nationally about the former governor. >> i don't think there's a mystery about mitt romney. i think the united states is learning what we learned here. we're never exactly sure if he means what he says and how long he's going to stick with it. >> reporter: the real action in massachusetts is the dead heat contest for the senate between scott brown, the republican, and elizabeth warren, the democrat. voter turnout could top 70%. some 3 million plus votes being cast in one of the most closely watched senate races in the country that could very well determine the balance of power in the senate in the next congress. >> the difference is that scott brown is popu
mitt and ann romney voted a few moments ago here in boston. a bit of an irony. no expert or citizen expects romney to carry massachusetts, his home state. experts say he'll be lucky if he matches 36% that john mccain got four years ago when he ran against barack obama. it's not just the fact that massachusetts is a state that tilts democratic. frankly voters here have similar complaints to what has been heard nationally about the former governor. >> i don't think there's a mystery about...
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Nov 21, 2012
11/12
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. >>> boston market on the business of thanksgiving. much more "squawk on the street" straight ahead. nobody said an inkjet had to be slow. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ >>> about six minutes before the opening bell rings on wall street. let's bring in art cashin of the ubs financial services. on the day of the rally we had great headlines about the fiscal cliff. today there might be speed bumps and we're looking to open lower. looks like a long month
. >>> boston market on the business of thanksgiving. much more "squawk on the street" straight ahead. nobody said an inkjet had to be slow. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. i heard you guys...
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Nov 22, 2012
11/12
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he was a college dropout working in boston, and one day he spotted a magazine announcing a new small computer called the altair. he ran to show it to his friend gates, then at harvard. >> i said, "here, look at the magazine! this is computer we've been waiting for." >> this is how the pc--the idea that we all have these computers--this is how it started. >> yeah, and it's amazing to think, back then, nobody had personal computers. i mean, there were computers in universities and in research labs and in corporations, but nobody had personal computers. >> allen's idea was to write software that would enable the altair to work as well as those large computers. >> and so we called up the company that made it and said, "well, we can demonstrate this software for you very quickly. are you interested?" and they said, "sure, if you can really show up and demonstrate it." >> did you have software? >> no. no. >> you had nothing. >> we had nothing. >> so they spent the next eight weeks at harvard feverishly writing code, but without an altair to test on. allen writes that because gates looked l
he was a college dropout working in boston, and one day he spotted a magazine announcing a new small computer called the altair. he ran to show it to his friend gates, then at harvard. >> i said, "here, look at the magazine! this is computer we've been waiting for." >> this is how the pc--the idea that we all have these computers--this is how it started. >> yeah, and it's amazing to think, back then, nobody had personal computers. i mean, there were computers in...
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Nov 6, 2012
11/12
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that all too familiar wind, up to 60-mile-an-hour gusts, anywhere from atlantic city northeastward to boston, but mostly on eastern long island, cape cod and the islands. that would be nantucket and martha's vineyard. so it is mostly a coastal influence when it comes to the wind and certainly not as bad as sandy, but there's also coastal flooding a possibility, minor tide tomorrow afternoon and the big wildcard i'm referring to a brief mix with heavy, wet snow which may bring renewed power outages even to the new york metro area tomorrow late afternoon and tomorrow night. so we will be taking a look at that as the day progresses. now, a chance of snow involved as well. >> todd gross, thank you very much. >>> and with much of new jersey still suffering in the aftermath of hurricane sandy, where and how to vote could be an issue for lots of people. my polling place was moved. kayla tausche is tracking that in the garden state. >> reporter: getting people to the polls is a major task here in the storm-ravaged state with hundreds in shelters hundreds of thousands still without power. an original
that all too familiar wind, up to 60-mile-an-hour gusts, anywhere from atlantic city northeastward to boston, but mostly on eastern long island, cape cod and the islands. that would be nantucket and martha's vineyard. so it is mostly a coastal influence when it comes to the wind and certainly not as bad as sandy, but there's also coastal flooding a possibility, minor tide tomorrow afternoon and the big wildcard i'm referring to a brief mix with heavy, wet snow which may bring renewed power...
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Nov 19, 2012
11/12
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itself, new york, boston, temperatures in the 40s with sunshine in the area. tuesday, a beautiful set up there, as well. even travel wise, still looking good. wednesday, with that system still off the coast, mayy windsf the coastline. as far as a few other areas, the whole thanksgiving week, aside from the one disturbance in the central u.s. and the one other area off the carolinas, fairly quiet with the exception of the northwest coastline. that's where we're dealing with a lot of snow and a lot of rain. much of the snow over 7,000 feet. rain especially coastal oregon in some areas 7, 8 inches over the next few days. tuesday, still fairly quiet travel wise. wednesday, that persists in the northwest still remaining one of the trouble spots. thanksgiving, looking pretty good across a good stretch of the country. just a few showers up towards seattle. and as far as the numbers for friday are concerned, looking good there, as well. that may help some of the consumer numbers on black friday. >> why do you have a cool there for thanksgiving? i thought it would be f
itself, new york, boston, temperatures in the 40s with sunshine in the area. tuesday, a beautiful set up there, as well. even travel wise, still looking good. wednesday, with that system still off the coast, mayy windsf the coastline. as far as a few other areas, the whole thanksgiving week, aside from the one disturbance in the central u.s. and the one other area off the carolinas, fairly quiet with the exception of the northwest coastline. that's where we're dealing with a lot of snow and a...
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Nov 7, 2012
11/12
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serious coastal flooding south of boston and down toward cape cod. what about the snow? there's a cold pool of air over southeastern new york into northeastern pennsylvania that will get sucked down toward the new york metropolitan area this afternoon. that's where the big wild card is. we know several inches of wet snow will pile up somewhere in new jersey up through southeastern new york to the northwest of new york city. what about the city itself and western long island, southwest connecticut, where the trees have leaves on them. why is that so important? we're just recovering in that vicinity from the power outages now. when trees get leaves and snow falls on those leaves, it brings downed branches and starts a new round of power outages all over again. we'll know much more in the next couple of hours as precipitation first moves in and we'll play it throughout the afternoon step by step to see how it's going to pan out. >> all right. thank you so much for that. todd gross back at headquarters. today is back to lining up defensive plays for your portfolio instead of
serious coastal flooding south of boston and down toward cape cod. what about the snow? there's a cold pool of air over southeastern new york into northeastern pennsylvania that will get sucked down toward the new york metropolitan area this afternoon. that's where the big wild card is. we know several inches of wet snow will pile up somewhere in new jersey up through southeastern new york to the northwest of new york city. what about the city itself and western long island, southwest...
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Nov 19, 2012
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. >> reporter: nearly 30 years ago cook founded boston beer company maker of sam adams. >> nobody would lend me money when i started sam adams. >> reporter: now he is trying to help other food and beverage start-ups. his samuel adams brewing the american dream fund has provided over 200 loans, averaging $8,000 apiece. claiming to creator saved 1300 jobs. >> i received $15,000 loan. and i'm going to be paying it over the next five years. >> reporter: interest rates average 8%. and cook says the default rate sunday 5%. the fund teams with local economic developers to find the right start-ups. >> we have 250,000 entrepreneurs here in l.a. it has been said lay slay a small business capital of the country. and it is. >> check e-mail. >> edward is using his loan to open a storefront with plans to hire up to eight people. in an economy where traditional jobs and loans seem harder to come by, jim cook wants to support promising people scooping out a new path. >> while you have your ups and downs, you know, if you really loved what you do, you never work a day in your life. >> all right. now 8.5
. >> reporter: nearly 30 years ago cook founded boston beer company maker of sam adams. >> nobody would lend me money when i started sam adams. >> reporter: now he is trying to help other food and beverage start-ups. his samuel adams brewing the american dream fund has provided over 200 loans, averaging $8,000 apiece. claiming to creator saved 1300 jobs. >> i received $15,000 loan. and i'm going to be paying it over the next five years. >> reporter: interest rates...
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Nov 8, 2012
11/12
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i'm south of boston. take a look. you have the boats in the water and that water is churned up. the winds consistent, 30, 40, close to 50 miles per hour sustained. over the last several hours. seen gusts still clocking in at 60 miles per hour. we had a report out towards the cape of 60 miles per hour and nantucket with a peak wind gust of 68 miles per hour and seeing reports with the consistent winds of some coastal flooding including high water over the roads in nantucket. a few trees down and led to scattered power outages. you can see behind me, higher water this morning and we are now not at high tide and not seeing the stray come up and over. that was a concern, as well. when's interesting about this storm is winding down and pulling away, wind is still going to be such a huge factor. easing winds means 20 to 30 miles per hour as we get in to the evening opposed to 40 or 50 miles per hour. but that's going to be the case even going through the end of the day today. snow not so much an issue along the coast. it's been the wind and the rain but inland picking up several inche
i'm south of boston. take a look. you have the boats in the water and that water is churned up. the winds consistent, 30, 40, close to 50 miles per hour sustained. over the last several hours. seen gusts still clocking in at 60 miles per hour. we had a report out towards the cape of 60 miles per hour and nantucket with a peak wind gust of 68 miles per hour and seeing reports with the consistent winds of some coastal flooding including high water over the roads in nantucket. a few trees down and...
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Nov 14, 2012
11/12
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in other words, $250,000 gets you in boston and new york, but you start to classify people wealthy for tax reasons. i'd say $150,000 a year in peoria. >> no, not at the federal level. certainly not. states should compete on income tax level, and they do. that way the more efficient states don't end up paying for all the profligate states. i think that would be -- that would make the tax system far more complicated than it already is. >> fair enough. do i get a second for the cnbc twin falls bureau? >> do we have one? >> let's open it. all right. >> obama's $250,000 cutoff would mean higher taxes for lots of americans, including many small business owners. why aren't small business leaders at obama's ceo meeting today? they're not the only ones who aren't there. we'll debate next as this special edition of "street signs" continues next. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become preg
in other words, $250,000 gets you in boston and new york, but you start to classify people wealthy for tax reasons. i'd say $150,000 a year in peoria. >> no, not at the federal level. certainly not. states should compete on income tax level, and they do. that way the more efficient states don't end up paying for all the profligate states. i think that would be -- that would make the tax system far more complicated than it already is. >> fair enough. do i get a second for the cnbc...
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Nov 7, 2012
11/12
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hampton pearson is with the romney team in boston. but phil, we will start with you. >> andrew, good morning. it's only been a couple of hours since president obama gave his victory speech here at mccormick place. and that speech a lot of people were looking at and said did it set at least initially the tone for his second term in office. during the speech, he talked about the country coming together and ending the divisiveness that has been typified by the campaign over the last several months. in particular, he made mention about the deficit and coming together to work on solving the deficit, and more importantly, the republicans and democrats finding some solutions. >> whether i earned your vote or not, i have listened the you. i have learned from you. and you've made me a better president. and with your stories and struggles, i return to the white house more determined and more inspired than ever about the work there is to do and the future that lies ahead. >> president obama will return to the white house later this afternoon. he
hampton pearson is with the romney team in boston. but phil, we will start with you. >> andrew, good morning. it's only been a couple of hours since president obama gave his victory speech here at mccormick place. and that speech a lot of people were looking at and said did it set at least initially the tone for his second term in office. during the speech, he talked about the country coming together and ending the divisiveness that has been typified by the campaign over the last several...
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Nov 21, 2012
11/12
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it is on across the country from new york city to boston and philly to los angeles. traffic is starting to build, folks. you're seeing live pictures of what it is looking like out there. we are getting you up to speed before you hit the road. >>> we're also getting you up to speed on what's happening in the markets where the dow did move up after the cease-fire announcement and is holding around session highs. this is a whole lot better than last year when the dow fell 4.8% during the thanksgiving week. it was the worst performance since the markets began observing the holiday in 1942. another factoid for you -- since 1950 the s&p 500 has been positive 77% of the time on the wednesday before thanksgiving and the bullish trend historically extends shortly after. >>> three big stock movers for you. scholastic, chipotle up its share buyback program and mylan getting a credit upgrade by both moody's and s&p. >>> a rare update for shares of hewlett-packard. one day after it leveled significant charges of accounting improprieties and a will full effort to mislead at the fo
it is on across the country from new york city to boston and philly to los angeles. traffic is starting to build, folks. you're seeing live pictures of what it is looking like out there. we are getting you up to speed before you hit the road. >>> we're also getting you up to speed on what's happening in the markets where the dow did move up after the cease-fire announcement and is holding around session highs. this is a whole lot better than last year when the dow fell 4.8% during the...
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Nov 6, 2012
11/12
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. >> and we'll also head out to boston to find out what one strategist says the election will mean for wall street. no more debates, no more rallies, at least for, what, two weeks. president obama and mitt romney will leave their fate in the hands of u.s. voters today after a long and bitter campaign battle. national polls show obama and romney in a dead heat. although the president seems to have an edge in ohio. and tracie potts joins us live from cincinnati, ohio in the wee hours of the morning there. when do polls open, how important is ohio, and when will we start to get a sense of the outcome? >> reporter: the polls here in ohio open at 6:30 eastern time. so we have about 2 1/2 hours. this is one of the polling places, a local church here behind me. however important is ohio? for months we've been talking about ohio really sort of being a bellwether state, ohio being the most important battleground state. and that's because ohio has a history of choosing presidents, particularly cincinnati where i am, it's been described as really the biggest swing part of one of the most importan
. >> and we'll also head out to boston to find out what one strategist says the election will mean for wall street. no more debates, no more rallies, at least for, what, two weeks. president obama and mitt romney will leave their fate in the hands of u.s. voters today after a long and bitter campaign battle. national polls show obama and romney in a dead heat. although the president seems to have an edge in ohio. and tracie potts joins us live from cincinnati, ohio in the wee hours of the...
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Nov 13, 2012
11/12
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., new york, boston, and san fran. and the margin expansion in those markets beat even our prior estimates of where we might go. so the margins are continuing to expand as well. >> let me pick up on some of those metrics. a lot of people are very negative on the stock. i've got mkm partners. they think it will half in value to $4. they have a stock recommendation. on that question of margins specifically, you don't break out your fleet costs, do you? in the present environment, presumably you're making money, because that is theamic that, as you sell cars, they are -- it's a higher margin experience now than arguably it might be next year. >> there were three or four factors in our margin expansion, quite frankly. quite frankly, the vehicle sales and proceeds from sales was the smallest of the three or four i'm speaking of. so most of it came from improved utilization and other margins. we've dropped our costs quite a bit. we got into the asset-backed security markets half a year ago and rolled our entire fleet into th
., new york, boston, and san fran. and the margin expansion in those markets beat even our prior estimates of where we might go. so the margins are continuing to expand as well. >> let me pick up on some of those metrics. a lot of people are very negative on the stock. i've got mkm partners. they think it will half in value to $4. they have a stock recommendation. on that question of margins specifically, you don't break out your fleet costs, do you? in the present environment, presumably...
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Nov 21, 2012
11/12
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these surveillance photos show a jewelry team staking out a store in boston, waiting for a jewelry supplier or courier to make a sales call. they've been known to follow a victim for weeks or even months, learning their routines, waiting for the right time to strike. this time it was outside a hotel near chicago. >> this is not something that happens occasionally. it's pervasive. it's an epidemic. >> rich loebl is vice president of le vian jewelers in new york city. he says that thieves are so brazen, they'll even target jewelers in new york's heavily fortified diamond district. >> they say there are more police officers on the street here than anywhere else in new york, and the reason is, it's not safe to be out here without a police officer. a lot of these guys are retired. look over to the left there. see the guy with the hat on? >> right. >> retired cop, bet you anything there to protect that fedex delivery person. >> turns out he was right. but loebl learned all of this the hard way. in 1999, he was followed leaving a department store in cincinnati. after waving off his police escort,
these surveillance photos show a jewelry team staking out a store in boston, waiting for a jewelry supplier or courier to make a sales call. they've been known to follow a victim for weeks or even months, learning their routines, waiting for the right time to strike. this time it was outside a hotel near chicago. >> this is not something that happens occasionally. it's pervasive. it's an epidemic. >> rich loebl is vice president of le vian jewelers in new york city. he says that...
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Nov 27, 2012
11/12
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. >> bernstein cuts boston scientific. >> we don't talk about this group enough. there's been turmoil. st. jude, hard to keep track of them but this was a company on the move and they'll stop in its tracks. >> norfolk southern. bernstein says they may miss. >> they may make the quarter shows me tocoal may have bottom. yelp is a service people like. the best performer of the special media that i look at. other than linkedin obviously. we have a big show. i sound like ed sullivan. we have manny chirico and we have gary rodkin. >> kellogg's at a 52-week high. >> pringles is working. a major success for kellogg. >> we'll see you tonight, jim. when we come back, we have richmond fed, consumer confidence and also ahead, a holiday shopping trend that indicates men are the new women. "squawk on the street" back in a moment. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. [ male announcer ] you are a bu
. >> bernstein cuts boston scientific. >> we don't talk about this group enough. there's been turmoil. st. jude, hard to keep track of them but this was a company on the move and they'll stop in its tracks. >> norfolk southern. bernstein says they may miss. >> they may make the quarter shows me tocoal may have bottom. yelp is a service people like. the best performer of the special media that i look at. other than linkedin obviously. we have a big show. i sound like ed...